SDCC Bank

South Canara District Central Co-Operative Bank, is one of the leading banks in Dakshina Kannada and Udupi. The Bank at present has 111 Branches including service Branches spreading over the undivided District of South Canara. The Bank was registered in 1913 and started its formal functioning in 1914. Puttur was the first registered office of the bank subsequently it was shifted to Mangalore.

We have been maintaining Courteous Customer-Bank relations since 1914. All our branches are fully computerized to provide quick and convenient service to our customers and by introducing several innovative service activities like Single Window System, Any Branch Banking, ATM facilities and 12 hours of Banking from 8 AM to 8 PM at its Head Office branch (Kodialbail). We have attractive deposit schemes with a Nomination facility for depositors along with insurance coverage. We also provide a safe deposit and locker facility. By adopting new technologies we have created a revolution in the field of cooperation. In upcoming.

The Bank has given top priority to financing the Agricultural sector since its inception by taking into consideration various credit needs of the farmers.  Bank is providing timely and adequate finance through primary Agriculture Societies at the ground level. Covered a major portion of Agricultural lending, the bank will make maximum efforts for the effective implementation of the Weather-Based Crop Insurance scheme and the Pradhan Mantri Fasal Bima Yojana (PMFBY). For the first time in the history of cooperative sector banking in India, The South Canara District Central Cooperative Bank (SCDCC) with the assistance of NABARD Bangalore launched the RuPay Kisan Card and RuPay Debit Card on 2014 Feb.

As of 31-03-2023, the Bank has mobilized Rs. 6371.89 crore Deposit & Rs. 7132.88 crore advance, The Bank lends loans to various purposes as per the needs of borrowers like vehicle, housing, commercial complex, pledging of jewels, consumer durables, educational loan, and various loans with competitively less interest rate than other banks. The bank is taking active participation in Government-sponsored schemes such as S.G.S.Y, Swarojgar Credit Card Scheme, etc.

The Bank has taken active participation in promoting and financing the Self Help Groups and has promoted 33107 SHG groups under the supervision of the Navodaya Grama Vikasa Charitable Trust (R), Mangalore. Our SHG group has 2,68,236 members with 141.38 crore savings and 458.86 crore outstanding.

Banking on Wheels – Introduced first time in the history of banking in 2007, to facilitate Banking Services in rural, where there is no Banking facility. A customer can avail of all banking transactions like depositing, withdrawals, and loan facilities. Mobile Bank is interconnected with all Branches of the Bank through any Branch Banking facility. Bank has two mobile bank vehicles one at Dakshina Kannada and another at Udupi district.

The Management of the Bank is vested with a Board of Directors consisting of 14 members under the presidentship of the veteran Co-operator Sri M. N. Rajendra Kumar, who is also the Director of Karnataka State Co-operative Apex Bank.

The passing of the Indian Co-operative Societies Act 1912 is an important landmark in the Co-operative movement in the country. As a result of this, a number of Co-operative Societies had been organized in the district by the people, and the question of financing them had to be tackled. This task in the first instance was undertaken by the Puttur Rural Credit Coop. Society which was established in June 1912.

PUTTUR RURAL CREDIT CO-OPERATIVE SOCIETY BUILDING WHEN BANK STARTED AT PUTTUR.

But experience soon proved that its constitution and resources were inadequate for this task and the enthusiastic pioneers who were responsible for ushering it into existence applied their minds to the formation of a District Bank with the avowed purpose of financing Primary Societies. Thus came into existence on 30th November 1913 the South Canara District Central Co-operative Bank which was formally started on its work on 24th January 1914 with head office at Puttur. Founded by the Late Molahalli Shiva Rao, the Bank was started in 1914 as the 7th Central Coop. Bank in the erstwhile Madras presidency at Puttur which was later shifted to Mangalore in 1927.

Late Molahalli Shiva Rao, Father of the Coop. Movement of the District and his team of selfless workers were responsible for the establishment and development of the Bank and also several Coop. Institutions like Primary Credit Co-operative, Consumers, Marketing, Industrial and other Societies. The dedicated, sincere, selfless work of the Veteran Co-operators helped the movement to spread far and wide and served the necessities of all the villages in the district resulting in a strong base for the Co-operative Institution and the Co-operative movement.

Under his able and spirited guidance, the Bank has grown, developed, and marched through the progressive path and has reached a new height of achievement. The Silver Jubilee Celebration in 1939, Golden Jubilee in 1964, Diamond Jubilee in 1974, and Platinum Jubilee Celebration in 1991 were important landmarks of the progress and milestones of the progress achieved by the Bank.